Apple hasn’t had much to celebrate in India of late, but 2019 is becoming a turning point for the company. The Indian government has signed off on two key factories, allowing Apple to locally manufacture iPhones. That’s a huge deal because India has a prohibitive 30% import tax on devices that are imported from other …
To make India a $5 trillion economy by 2024-2025 as the fourth Industrial Revolution or Industry 4.0 knocks at the door, the country urgently requires a renewed focus on skilling the youth in advanced technologies as robotics, Artificial Intelligence (AI), Internet of Things (IoT), 3D printing, data analytics and quantum computing. The onus to create …
In February Patently Apple posted a report titled “The Lack of Flagship Apple Stores in India is Damaging Apple’s Premium Brand. Then in early May a new rumor surfaced that after the Indian elections there could be some movement on allowing Apple to proceed with their first flagship Apple Store in India. Modi went on …
India’s plans to ease local sourcing rules in single brand retail are set to help Apple the most among other foreign companies such as OnePlus and Oppo wanting to open their own stores in India, said analysts and sector watchers. The move is aimed at attracting higher foreign investment at a time when global foreign direct investment (FDI) flows …
The government’s decision to relax local sourcing norms for foreign direct investment (FDI) in single brand retail trading would not in anyway upset the equilibrium of the organic retail and would add to our economy, industry experts said on Friday. In a boost for companies like Apple, Finance Minister Nirmala Sitharaman on Friday announced to …
In a boost for smartphone makers like Apple and horde of Chinese vendors to open exclusive retails stores in the country, the government on Friday announced to relax the mandatory 30 per cent local sourcing norms for FDI in the single-brand retail sector. Tech companies have time and again reiterated that it was difficult for …